Revamp moto is an Indian EV startup that aims to revolutionize the automobile sector by designing sustainable and adaptive solutions that cater to people’s varying requirements. The company has launched two models, RM Buddie 25 and RM Mitra, focused on shared mobility and last-mile haulage. Revamp’s appearance on Shark Tank and funding by Veda VC and Venture Catalysts has made it a reliable and credible automobile company in just one year. The brand is also dedicated to bridging the gap between EVs and sustainable energy sources through detailed R&D, all while staying true to the Make In India concept.
Pritesh Mahajan, an MBA graduate with a Mechanical Engineering background, has always been interested in business and entrepreneurship. After working at SBI for three years, he established two startups, which, although not successful, helped him gain experience and knowledge. Pritesh’s passion for automobiles and sustainability led him to co-found Revamp Moto in 2021. Despite facing several challenges, the team’s collective vision and passion helped them build one of the most economical, reliable, and multi-purpose modular EVs in India. Pritesh aims to bridge the gap between EVs and sustainable energy sources through R&D and building solutions that adapt to people’s needs.
In a recent interview with Renewable India, Pritesh Mahajan, the Co-Founder, and CEO of Revamp Moto, discussed the company’s approach to providing solutions for customers’ needs. Rather than solely focusing on transportation, they prioritized creating vehicles that can help customers earn a livelihood. Additionally, Revamp Moto emphasizes not only upfront costs but also maintenance costs, ultimately saving customers money in the long run. Mahajan also shared the positive impact of their appearance on the first season of Shark Tank India, where they were one of the top three pitches and received the highest investment of the season. He discussed the company’s pricing strategies and collaboration with the top five banks in India to offer customers the best financial services, including low EMIs of Rs. 2,500-3,000 per month and interest rates of 8.5% to 9%.
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